Corporate Magazine 2012 - Boehringer Ingelheim

usiness year 2012consolidated financial statements2.6 LiabilitiesLiabilities are recognised at settlement amount.2.7 Deferred taxesTo calculate deferred taxes on temporary or quasi-permanent differences between the accounting carryingamounts of assets, liabilities, prepaid expenses and deferred income and their tax carrying amounts or ontax loss carryforwards, the amounts of the resulting tax benefits and expenses at the time of reversal weremeasured using tax rates specific to the respective consolidated company (10% – 41 %) and not discounted.Differences due to consolidation measures in accordance with sections 300 to 305 HGB were also measuredusing company-specific tax rates at the time of the expected reversal of the difference. Deferred tax assetson loss carryforwards were taken into account, if it is likely that they will be used within the next five years.Deferred tax assets and liabilities were reported without being netted.Notes to the consolidated financial statements51